Kizi Apparels Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 30, 2024 to August 1, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 21 per share |
| Lot Size | 6,000 Shares |
| Total Issue Size | 26,58,000 shares (aggregating up to ₹ 5.58 Cr) |
| Fresh Issue | 26,58,000 shares (aggregating up to ₹ 5.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 51,61,200 |
| Shareholding post issue | 78,19,200 |
| Market Maker portion | 1,38,000 shares Beeline Broking |
About Kizi Apparels Limited IPO
Kizi Apparels is engaged in manufacturing and trading of readymade garments through their Showrooms, distributors’ malls, and online platforms. The company has launched an e-commerce platform offering premium ethnic and Western women’s apparel under ANUTTARA and KIZI, respectively. The product portfolio of the company comprises kurta sets, kurta, churidar, Co-ord Sets, Semi-formal Blazers, Shirts, Blouses, Tops/ Tunics, Dresses, Palazzo, skirts, and dupatta.
Kizi Apparel IPO is a fixed price issue of Rs 5.58 crores. The issue is entirely a fresh issue of 26.58 lakh shares. Kizi Apparel IPO opens for subscription on July 30, 2024 and closes on August 1, 2024. Kizi Apparel's IPO price is ₹21 per share. The minimum lot size for an application is 6000 Shares. Interactive Financial Services Ltd is the book-running lead manager of the Kizi Apparels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Kizi Apparel's IPO is Beeline Broking.
Kizi Apparel IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Company & Financials
Incorporated in March 2023, Kizi Apparels Limited is involved in the production and trading of ready-to-wear clothing through its showrooms, distributors, malls, and online platforms. The company has launched an e-commerce platform offering premium ethnic and Western women's apparel under the brand names ANUTTARA and KIZI, respectively. The company caters to all over India through its online platform. The product portfolio of the company comprises kurta sets, kurtas, churidar, Co-ord Sets, Semi-formal Blazers, Shirts, Blouses, Tops/ Tunics, Dresses, Palazzo, skirts and dupattas. In the year 2021, they became one regular manufacturer of Reliance Retail. They have executed an Agreement and Non-Disclosure Agreement (NDA) with Reliance Retails Limited, Mumbai, on May 30, 2023, for three years. In 2021, they launched their women’s western wear brand by the name of “KIZI”. In the year 2022, they entered into a distribution and wholesale network with their brands and consequently, their sales increased three times. This has helped us to capture a sizable share of the market for their Brands.
Objectives of Kizi Apparels IPO
The company proposes to utilize the Net Proceeds from the issue towards the following objectives:
- Repayment of unsecured Loans.
- Long-term Working capital requirement.
- General Corporate Purpose.
- Meeting Public Issue Expenses.
Kizi Apparels IPO Review
The company is engaged in ethnic garments and fashion wear. It has tied up with Reliance Retail for bulk supplies. It also has its own outlets and e-commerce marketing network. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for the medium term.
Kizi Apparels Limited IPO Financial Information
Latest Revenue
2,027.37
₹ Crore
Profit After Tax
72.21
₹ Crore
Net Worth
587.49
₹ Crore
Total Borrowing
514.61
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 1,340.30 | 2,027.37 | 72.21 | 587.49 | 514.61 | ||||
| 31 Mar 2023 | 1,135.10 | 1,549.50 | 54.97 | 394.86 | 310.96 | ||||
| 31 Mar 2022 | 725.14 | 539.17 | 20.64 | 336.95 | 242.73 | ||||
| Amount in ₹ Crore | |||||||||
Kizi Apparels Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 15% |
| ROCE | 14% |
| Debt/Equity | 0.88 |
| RoNW | 12.29% |
| P/BV | 1.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.4 | 0.92 |
| P/E (x) | 15.01 | 22.74 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Kizi Apparels Limited IPO Timeline
| IPO Open Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹126,000 |
| Retail (Max) | 1 | 6000 | ₹126,000 |
| HNI (Min) | 2 | 12000 | ₹252,000 |